Anthony Edwards contract details: Timberwolves All-Star to sign five-year extension worth up to $260 million

Gilbert McGregor

Anthony Edwards contract details: Timberwolves All-Star to sign five-year extension worth up to $260 million image

Three years after selecting him with the first overall pick in the NBA Draft, the Timberwolves have reaffirmed their belief in Anthony Edwards. This time, it was in the form of a maximum contract extension.

The Athletic's Shams Charania has reported that Edwards and the Wolves are finalizing a five-year maximum contract extension that could be worth as much as $260 million. Edwards joins draft classmates LaMelo Ball and Tyrese Haliburton, who recently inked maximum deals with their respective teams.

At just 21 years old, Edwards has quickly ascended to stardom with the Timberwolves. He is coming off of a season in which he averaged 24.6 points, 5.8 rebounds, and 4.4 assists per game, earning the first All-Star selection of his career in the process.

Since drafting Edwards in 2020, Minnesota has made two playoff appearances after earning wins in the 2022 and 2023 Play-In Tournaments. The extension kicks off a big summer for Edwards, who is reportedly set to represent Team USA at the FIBA Basketball World Cup in August.

Here's a look at the deal that will keep Edwards in the Twin Cities for years to come, solidifying him as one of the franchise's cornerstones.

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Anthony Edwards contract details

Edwards has one year remaining on his rookie-scale contract. His five-year designated maximum extension will begin during the 2024-25 season, his fifth in the league.

It is important to note that the deal can be worth up to $260 million but has a base scale of $205.9 million, per Spotrac. Edward's can increase his contract figure by meeting incentives, which include end-of-season awards and all-league selections.

Here is a basic breakdown of Edwards' earnings for the next six years, including the final year of his rookie deal and the extension that will kick in the year after:

Season Salary
2023-24 $13,534,817
2024-25 $35,500,000
2025-26 $38,340,000
2026-27 $41,180,000
2027-28 $44,020,000
2028-29 $46,860,000

Anthony Edwards stats

2022-23 season

  • 24.6 points per game
  • 5.8 rebounds per game
  • 4.4 assists per game
  • 45.9 percent field goal shooting
  • 36.9 percent 3-point shooting
  • 75.6 percent free throw shooting

Career

  • 21.8 points per game
  • 5.1 rebounds per game
  • 3.7 assists per game
  • 44.1 percent field goal shooting
  • 35.2 percent 3-point shooting
  • 77.0 percent free throw shooting

Anthony Edwards career earnings

Per Spotrac, Edwards has earned $30.7 million through the first three seasons of his career, per the terms of his fixed-scale contract as the No. 1 pick in 2020. He is set to add $13.5 million to that figure during the 2023-24 season.

Gilbert McGregor

Gilbert McGregor Photo

Gilbert McGregor first joined The Sporting News in 2018 as a content producer for Global editions of NBA.com. Before covering the game, McGregor played basketball collegiately at Wake Forest, graduating with a Communication degree in 2016. McGregor began covering the NBA during the 2017-18 season and has been on hand for a number of league events.